Comments on: Collection Statute Expiration Date

By: Darrin Mish

Darrin Mish — Tue, 08 Feb 2011 19:07:46 +0000

The assessment date is generally the date the taxes became due and owing after a tax return is filed or the IRS has created an assessment document.

By: Rio

Rio — Wed, 05 Jan 2011 18:55:32 +0000

Hello. What exactly is an "assesment date"? I set up payment arrangements in 2008. Will the statute of limitations start then or the the year that the taxes was owed?

By: Darrin Mish

Darrin Mish — Sun, 21 Feb 2010 05:12:13 +0000

Unfortunately, I don't know of a CSED on student loans as they aren't tax debts. As far as I know, student loans have no expiration date requirement for their repayment.

By: Libby

Libby — Sat, 20 Feb 2010 23:14:07 +0000

Hi, I need to know am I able to use the CSED for my student loans which I have been paying for over ten yrs but wd my deferments stop the statute from running.

By: Darrin Mish

Darrin Mish — Tue, 26 Jan 2010 14:58:05 +0000

If you would like to know exactly when the CSED is, it would help to have a tax attorney check on that for you. But the IRS may simply stop collection when the collection statute expiration date occurs. It's sort of hit and miss at times.

By: Robert Edwards

Robert Edwards — Tue, 26 Jan 2010 06:56:57 +0000

I have an installment agreement since 2004. I was not aware of the collection statue. I am not aware of any waiver. Is there a way to find out what my CSED is? If any waiver was signed? If my CSED is 2014 that would be a big relief, would I need a tax attorney to defend my case with the IRS?

By: Tax Records: When To Stop saving Them

Tax Records: When To Stop saving Them — Mon, 24 Nov 2008 21:26:06 +0000

[...] determining which tax records to throw away, the first criteria relies on the official statute of limitations implemented by the Internal Revenue Service. The statute of limitations on any tax debts, or the [...]

By: Darrin Mish

Darrin Mish — Mon, 27 Oct 2008 18:40:02 +0000

Ed,
Generally speaking the IRS has 3 years from the date of the filing of the return to audit that return. (there are exceptions to that rule as well). Normally you will receive an acknowledgement of the filing of a return at about 60 days.

By: ed

ed — Mon, 27 Oct 2008 17:52:04 +0000

if i submit a return is there a time limit that theirs has to review my claim and respond to it? I submitted a late return and owed taxes and it took them over two months to respond. ed

By: Darrin Mish

Darrin Mish — Wed, 08 Oct 2008 22:27:48 +0000

Mike,

In an audit situation, the Collection Statute for the additional assessment would begin to run from the date of the additional assessment. In other words, the IRS has a fresh ten years to collect the audit assessment.